AN ACT relating credit health insurance.
Amend KRS 304.19-010 to extend the duration for credit health insurance from five years to no more than ten years; and amend KRS 304.19-080 to conform and to expand the premium chart establishing the premium amount for the additional 61 to 120 monthly installments.

HFA (1, J. Gooch Jr.) - Require health insurance in connection with loans or other credit transactions that are of more than 5 years but less than 10 years duration to be medically underwritten before issuance of the policy.

HFA (2, J. Higdon) - Require the executive director of the Office of Insurance to submit annually to the Interim Joint Committee on Banking and Insurance a report that specifies for each credit, life and health insurance company the type of creditor, the gross premiums received, the total claims paid, the total claims count, the number of claims paid or settled, the number of claims denied, and the commissions, compensation, or other remuneration paid for the preceding year.